How to Help Your Client Manage Rising Healthcare Costs

Americans are facing a gap crisis in healthcare.

Even those with insurance deal with ever-increasing medical costs and the stress of how to pay. And it may be costing them more than a hospital bill.

BenefitsPRO’s recent study noted that 46% of working-age adults skipped or delayed medical care due to cost in the past year.

Nearly half of Americans are not getting the treatment they need because they’re worried about the bill on the other side.

This problem affects minority populations such as African Americans and Latinos/Hispanics even more.

Over the past few years, many employers have shifted to high-deductible plans. While premiums are often lower for insureds, a gap is created, leading to financial and mental stress caused by medical issues that aren’t covered by insurance.

Voluntary Coverage Can Fill the Gap

While your client may not have control over the cost of healthcare, they can do something to help employees manage rising prices. Offering gap plans to offset these expenses can make a huge difference in financial and health outcomes.

Hospital confinement indemnity plans can help cover the high costs of overnight stays in hospitals. Critical illness coverage protects employees during unexpected issues like a heart attack or stroke. And accident plans can offer support for injuries, which are often costly.

These are just a few examples of how voluntary insurance can protect your client’s workforce and give them peace of mind when they seek medical coverage. Our team can work with you to see what your client’s coverage offers and create a customized voluntary insurance plan to meet their needs.